WORK CONTRACT
This query is : Open
21 September 2019
Dear sir,
I Supplied a work service to govt dept . they did payment after deduct TDS @2%.(3,00,000+Rs.3000(CGST)+Rs.3000(SGST). total Contract Value= Rs.4,25,000/-(suppose).
Now I have to upload in gst portal. I make a bill Rs.3,00,000 +Rs.18,000+Rs.18,000/
I paid to govt 6% +6% ON Taxable Value Rs.3,00,000/-
THIS PROCEDURE IS RIGHT. I TAKE RS.300,000/- AS TAXABLE VALUE FOR INVOICE PURPOSe
PLZ REPLY AS EARLY AS POSSIBLE.
I Supplied a work service to govt dept . they did payment after deduct TDS @2%.(3,00,000+Rs.3000(CGST)+Rs.3000(SGST). total Contract Value= Rs.4,25,000/-(suppose).
Now I have to upload in gst portal. I make a bill Rs.3,00,000 +Rs.18,000+Rs.18,000/
I paid to govt 6% +6% ON Taxable Value Rs.3,00,000/-
THIS PROCEDURE IS RIGHT. I TAKE RS.300,000/- AS TAXABLE VALUE FOR INVOICE PURPOSe
PLZ REPLY AS EARLY AS POSSIBLE.
21 September 2019
U HAVE TO PAY TAX ON GROSS AMOUNT OF WORK DONE +GST
NOT ON U GET PAYMENT
NOT ON U GET PAYMENT
22 September 2019
Yes... You can show the invoice value in Your GSTR 1 return.
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